Yesterday the secops team noticed an AML alert — one of our users tried to withdraw funds into wallet: ; XREX 1BT5vBb9WKudUAX51jiWi3pAawobD3mZwM Our system blocked this withdrawal due to its high risk score. CipherTrace [Investigation Summary] ======= 1000+ people from worldwide, scammed into making 2,079 transactions. Victims: 205.4925067 BTC (roughly $3M at writing time). Scammed funds: Nigerian “Operation N-Fiverr.” Attribution: they’ve been running multiple campaigns starting 2017 Dec. Time frame: outsourced to (also Nigerian), in PHP+Laravel. Tool supplier: iPongDev.Tech they've worked with iPongDev.Tech to launch more than 30 different scam websites, by modifying from the same codebase. Websites: by asking victims to KYC, we believe they've stolen these victim's IDs to create KYC'ed accounts at exchanges; they use these accounts to collect defrauded funds from victims. Stolen passports and IDs: a combination of own wallets, as well as compromised, KYC’ed wallets of Remitano, Gemini. We published a list of 48 wallet addresses used by this actor. Wallets: we published a list of 49 domains and 13 IP addresses used by this actor. Domains and IPs: obtained source code and admin panel access. Investigation method: XREX ======= [Investigation] Having stopped our user’s withdrawal into this actor’s wallet, we started to trace back into their infrastructure. We stumbled upon a directory listing vulnerability within the actor’s infrastructure, which allowed us to obtain the source code of their attack tools: Investigating into our obtained source code of this actor, we understood they bought their codebase from the Nigerian company . iPongDev sold codebases relating to crypto exchange, wallet, and investment. For the basic framework, they mostly used PHP and Laravel, and for k-line and other visualizations they used TradingView and coinlib.io widgets. iPongDev Tech From this actor’s backend admin panel, we can see that their entire scam tooling is modified from a crypto investment platform sold by : iPongDev Tech Using the backend panel, we can see the list of victims and their defrauded amounts and dates: The profit numbers are of course fake but importantly, they do not approve withdrawals, which effectively makes this own operations a scam. While they’ve not approved a single withdrawal request, some users have sadly reached out to them via their customer support system hundreds of times. Of course, they’ve never replied. [Money Flow] Operation N-Fiverr’s money flow has been consistent — as soon as a victim is defrauded into transferring BTC into one of their wallets, they will immediately forward those BTC into either a) their other on-chain wallets, or b) their exchange wallets. We’ve also found them to be directly using compromised Remitano and Gemini wallets for victim deposits. [Attack] Operation N-Fiverr attracts victims by pitching them various high-interest rate crypto investment platforms. By modifying from the same codebase, they've worked with iPongDev.Tech to launch more than 30 different scam websites: In general, these fraudulent platforms offer: $20 USD signup bonus Minimum deposit amounts ranging from $1,000 USD to $50,000 USD Very high interest rate: 10% in 12 hours, 20% in 24 hours, etc Referral features and high referral commissions The profits are shown in realtime Once a victim wants to withdraw funds, Operation N-Fiverr will launch a second wave of attack: Asking the victim to further deposit 10%-20% of the earned profits prior to withdrawal, saying that this is “per company policy.” Many victims have been defrauded into sending in more funds. Once a victim finally realizes she may never be getting her funds back, the actor cuts off all communication. Using the particular wallet address used against our user, we were able to find the following abuse reports of Operation N-Fiverr: [Collaboration] secops was able to block our user’s withdrawal into Operation N-Fiverr’s wallet due to AML triggers by ; we thank them also for their strong technical support during this investigation. XREX CipherTrace This investigation is by no means complete; we’ve had very limited time but wanted to publish asap so the community can collectively blacklist this actor’s resources and mitigate this attack. We will appreciate any help from the community; please feel free to reach us at . secops@xrex.io [Blacklists and Blocklists] Operation N-Fiverr domains: bitcointradex[.]com 24bitchainmining[.]com 216liveoption[.]com fxltetrade[.]com cryptoprofitmaking[.]com tradeoptionfx[.]com trade[.]fxltetrade[.]com trade365forex[.]com forexcryptotrading[.]com coinfxtrade[.]com app[.]365coinoptions[.]com www[.]fxbitcoinhub[.]com coin24option[.]com reliabletradeoptions[.]com hugowayfx[.]com tradebitcoinclubfx[.]com bitforex24trading[.]com fastcoinoption[.]com 365coinoptions[.]com 360liveoption[.]com authorisedfxb[.]com 362tradesfx[.]com 44optionsfx[.]com www[.]bit-primer[.]ltd 247paytrade[.]com 24forextradeoption[.]com 362liveoption[.]com bit247options[.]com forexoptionslive[.]com fxbitcointrades[.]com fxbrokerstm[.]com fxstockstrades[.]com stocknforex[.]com cmcoptions[.]com fxtradeunique[.]com fxpaytrade[.]com swifttrade247[.]com unitedinvestmentcapital[.]com tradexpremium[.]com Operation N-Fiverr wallets: 12g2Dv756ayP7mmbXogaAE9EQeyyCUrSVR 152c4AfU5Q5Uh5SxVhjvMr85EBFT6XHzZy 15Kn9mUTzEwUen8zGgziazkPWwwyqTJNwC 15pQ83mfvLzs3E8uL17cZe7nDjfGN6NSKi 17CoLC6LVthEzyQC2oBX3mZxYLNPoz6ii6 18qWgXXttdN7QnrDy6XQhYTCobCwWBXjAw 19on4qXP4t6jf13gEfjgsPidQnvMdARKFh 1AmreEqxqaRowCdfcrqBmpxAvZwoqSaXAS 1AnFwUYT9UvkZZT2FoxTygyuP1PBfoyKW6 1AX2aXX6RWLzH6ZKFRHQXgjG8e3k5HyXpF 1BFPyMohqgdR4L6yibnoJqt3rxBK6xwakQ 1Bi2qvtibUCUSRGkWSRCnngV3hx3a6Fici 1BT5vBb9WKudUAX51jiWi3pAawobD3mZwM 1CdkyVQdh9w9WYMqbeiv9CWUXaoGmbUXEG 1DevmdaCCmuTfDw4FMdQwZzVe5pjTctE9j 1DTHCNVNaq6oGDXQXyPpspQoxDx8kRzdh1 1EfjgV217fDc9Kgt1PehmiV7TzistXEKX 1FjE7xCFNWpkxr6rH1j1GTrh38cUXezCkh 1FkCigBQiBzGZWWhJd9JwVjPFvYiVq6Zau 1FUG8fxsXtDGiFEg3RhfHqHPfMrV1yPNPc 1G7ViACQm5EqC21NYiWcSobGNvsg8Qgm99 1GTQiEaFSa6NMEffLbswzRD3o6PbYCBeD6 1HHinM5mbSeWNqADq822bYcirRNZmYw4Zp 1JG171jEfdo648Fvu8ekvLGUXUkdicazQC 1JKQnLm9xMN9pWiU9dYAjzhQa5swXk3wy8 1JyrkMsZNAToa94D9bqBR1WiC8g2orhiAW 1LaAgjZXcBJfXv1okEAXm4aCwENpSW1YFm 1LGuVkkUcxbyj5JtRo1TKyGEQV7LvhXnVF 1M5nPTDw8R8xAeXCy1P1ur6vVVRrBy1UcC 1P6noGHxYnouPPPFwE51YNB5qpadjNrMK6 1PnBSSZB2G2h96Mct7c1yQCtYksRJBRah3 1QH5V4n1XTJ4XvoPWTESwaotMgNQyk3Ma4 1RbgPxtnmQcVHdjuayYna5N6NTvbA9Yjd 32V1Jb9V42iXXip7jNYPzTwHAEha5PvxfY 34JzmxCYSFANjH5zdNYnYkc1YtcDzPzXNp 34PMa5tZgY4kMa7RiUTLGMrxkZvG1FkhVQ 35956a1Jwpx3XEaMYthBkWRibmxMoZ3owL 376SCgAAyy3om6c2v5dfZ5etYKwSC94D9C 37C28qoBx1D3ZdwjabgoCg525ZnWqwCRXV 39NiYSU4s73MFpxdHGqB365DYo3dFUFiD2 3BqSuVo11Xnq3k8qa3Kx6rv5im8zqz2dmU 3MvkG4qEz721b38SAk6kadzo99rBMYNDbh 3PjnVyDJqNYgh2kZ5YYzuWvVt3WuTr334a 1JAGYVTLbHYkAxyjfReFT8pjJABVYpnrDn 1N2ZPCeNJAtDRqE58nDNevRqdqV6w4uEgr 17HphcjnWLe3p4yv1bQX6mTqfpbgw8kBT1 1F52dWnX1AUwymHytYMN9XYXnAZgrhKhkA 1PzCz4fRMVUe5o3G8dqY63AG5Knaw2i3gF 13QdgoZ1uq5YMmVr14CHDbb9BDDxpwcK5e 15HhFZat5syJjSfZYefK1eutwYVWYyqy36 1AtgQRK2eDUtHakDApiynMfXrbNyaBjkVH 19dofMuyFRqDzC2HKh4bdUTht1Z6ojcGk5 13tauoqZ6ahtD7QSXkh7HcBr8HHb3v6sL5 16Suicij1cL4zjfftwiZ8PQpioKvjz5Qkb 14yfrcJDMxxFngAi9wfJ3X9Lqp6xEcFdwf 1EHdaQgGDVmXodh7oNdx4w1C4qiU4huVNm 1DKWmbfnhRHAo7XNc9UfsxsjzR98RzQ8cq 3BDPsuHKDFSjJAWGv4vEa72hmyT8knNJ3G bc1qcpz9uu2mmsz4t8rrc9mswf9p8sprtknvxa33rh 0x0739fab47330C010ac1393E03D4e59691F286c16 0x0A8dA2C6Bd97134e73E7dC2f994A47Dcba21D368 0x9952d8a15db20a0e537a29096f5be448a6959e35 0xad818dec93e9556f8c3c79b209733488496bf13c Operation N-Fiverr IP addresses: IP, Country, ASN 197[.]210[.]64[.]135, Nigeria, AS29465 197[.]210[.]28[.]149, Nigeria, AS29465 197[.]210[.]71[.]85, Nigeria, AS29465 197[.]210[.]54[.]202, Nigeria, AS29465 197[.]210[.]55[.]59, Nigeria, AS29465 197[.]210[.]226[.]133, Nigeria, AS29465 197[.]210[.]84[.]119, Nigeria, AS29465 197[.]210[.]54[.]162, Nigeria, AS29465 105[.]112[.]75[.]23, Nigeria, AS36873 105[.]112[.]97[.]190, Nigeria, AS36873 105[.]112[.]108[.]236, Nigeria, AS36873 105[.]112[.]101[.]160, Nigeria, AS36873 129[.]205[.]124[.]114,  Nigeria, AS37148 More on investigative Crypto AML from secops team: XREX First suspicious transaction series detected Credits: , , , Yoyo Yu @ Sun Huang Wolf Chan Wayne Huang XREX We will appreciate any help from the community; please feel free to reach the secops team at . XREX secops@xrex.io

Flow

Chain

Trace

Why do Government Bodies Treat Crypto the Way They Do?

Read My Stories

Too Long; Didn't Read

Download free Tech Leaders Productivity Report!

Exposing the Nigerian Crypto Scam Group - "Operation N-Fiverr"

About Author

Comments

TOPICS

THIS ARTICLE WAS FEATURED IN

Related Stories

Untitled Story

Why do Government Bodies Treat Crypto the Way They Do?

06/09/2018: Biggest Stories in the Cryptosphere

06/02/2018: Biggest Stories in the Cryptosphere

05/02/2018: Biggest Stories in the Cryptosphere

0 to Pro Crypto Trader: Your Ultimate Guide to Bitcoin and Altcoin Investing

Why do Government Bodies Treat Crypto the Way They Do?

06/09/2018: Biggest Stories in the Cryptosphere

06/02/2018: Biggest Stories in the Cryptosphere

05/02/2018: Biggest Stories in the Cryptosphere

0 to Pro Crypto Trader: Your Ultimate Guide to Bitcoin and Altcoin Investing

Light-Mode

Classic

Newspaper

Dark-Mode

Neon Noir

Minty

HN StartUps